1. Pertaining to the following situation. In my personal budget for last month, I estimated I would spend $1,300 for food for my family and fuel for our automobiles. We use a credit card dedicated to those expenses. When the bill arrived for the month, it told us that we had actually spent $1,304 for food and fuel. Find the absolute error and the relative error of these measures. Include the appropriate sign in your answer.  

 

Find the absolute error of these measures.  ____________  

 

Find the relative error of these measures.  ____________  

 

2. 

a. Suppose your first job pays you $45,000 per year. If you work 40 hours per week for 50 weeks each year, calculate your hourly wage rate.  ____________  

b. Use your answer from part a to write an equation which calculates the wages you earn as a function of the number of hours you work.  ____________